Credit cards are quickly becoming the preferred method of payment for both merchants and consumers. They are fast and convenient for the consumer, and they offer payment security for the merchant. Still, credit card machines can be extremely costly for the merchant to operate, especially for a seasonal or small business. Fortunately there are ways for a business to process credit cards without using pricey machines to complete the transaction.
Processing Credit Cards without a Machine
Use an old-fashioned credit card slider or as some dotingly refer to it—a knuckle buster. They are inexpensive and do not require electricity or an internet connection to operate. To use place the credit card into the slider making sure to line it up with the placement notches. Now lay the provided paper receipt over the credit card. Then simply push the slider arm down across the credit card and receipt to imprint. Have the customer sign the receipt for your records. Give the customer the carbon copy of the receipt.
Establish a merchant account with a telephone credit card processing service. This will enable you to process a credit card with only your touch-tone telephone (or cell phone). Simply pay the small setup fee to start your merchant account. Call the 800 number given to you during setup to run the credit card. Follow all the automated commands. Write down the approval number.
Turn your computer into a credit card processing terminal using a web-based application. Choose a provider, and sign up for the service. Follow the specific provider’s instructions to use your computer to complete all credit card transactions securely and also to store a digital record of each transaction for your records.
Purchase internet processing software to do credit card transactions on your company website. If you plan to sell merchandise through a website, you will need to buy internet processing software. Choose the software. Install it on your computer following the installation prompts. Now the program will complete all the online transactions automatically. When a transaction has been completed, you will receive an email with the details of the order.